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ANZ-Roy Morgan Consumer Confidence up 0.5pts to 97.5

This weekly ANZ-Roy Morgan Consumer Confidence Rating is based on 1,415 telephone and online interviews conducted Australia-wide with men and women aged 14 and over the weekend June 6/7, 2020.
Confidence resumed its climb last week, after pausing the week before. Most subindices rose; the exception was ‘future economic conditions.’

Current financial conditions

  • Now 24% (up 2ppts) of Australians say their families are ‘better off’ financially than this time last year and 35% (up 1ppt) say their families are ‘worse off’ financially.

Future financial conditions

  • 38% (up 1ppt), expect their family to be ‘better off’ financially this time next year compared to 17% (unchanged) that expect to be ‘worse off’ financially.

Current economic conditions

  • Just 9% (unchanged) expect ‘good times’ for the Australian economy over the next 12 months while 38% (down 2ppts) expect ‘bad times’.

Future financial conditions

  • And in the longer term, 19% (down 2ppts) of Australians are expecting ‘good times’ for the Australian economy over the next five years compared to 16% (up 1ppt) expecting ‘bad times’.

Time to buy a major household item

  • In addition now 37% (unchanged) of Australians say now is a ‘good time to buy’ major household items, while 34% (down 1ppt) of Australians say now is a ‘bad time to buy’.

The four-week moving average for ‘inflation expectations’ remained unchanged at 3.2%. The weekly reading increased 0.2pts to 3.3%.


ANZ Head of Australian Economics, David Plank, commented:

"Confidence resumed its climb last week, with a modest gain. Confidence in future financial conditions is now back to the early March level, which is a solid turnaround given the impact the pandemic lockdowns have had on employment and wages. The contrast we expect to see between the May labour market and retail sales data may confuse the picture somewhat, but the continued easing in the lockdowns seems likely to be a positive force for sentiment for now."


Latest ANZ-Roy Morgan Consumer Confidence Releases


Latest ANZ-Roy Morgan Australian & Asia-Pacific Consumer Confidence Data Tables

ANZ-Roy Morgan Weekly Australian Consumer Confidence Results (All 5 Questions)
ANZ-Roy Morgan 2020 Weekly Australian Consumer Confidence Results
ANZ-Roy Morgan Monthly Australian Consumer Confidence Results (1973-2020)
ANZ-Roy Morgan New Zealand Consumer Confidence Results (All 5 Questions)
Roy Morgan Indonesian Consumer Confidence Results (All 5 Questions)

Related Research Reports

The latest Roy Morgan Consumer Confidence Monthly Report is available on the Roy Morgan Online Store. It provides demographic breakdowns for Age, Sex, State, Region (Capital Cities/ Country), Generations, Lifecycle, Socio-Economic Scale, Work Status, Occupation, Home Ownership, Voting Intention, Roy Morgan Value Segments and more

Consumer Confidence – Monthly Detailed Report in Australia.
Business Confidence – Monthly Detailed Report in Australia.
Consumer Banking Satisfaction - Monthly Report in Australia.

You can also view our monitor of Monthly Australian Unemployment & Under-employment Estimates.
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About Roy Morgan

Roy Morgan is the largest independent Australian research company, with offices throughout Australia, as well as in Indonesia, the United States and the United Kingdom. A full service research organisation specialising in omnibus and syndicated data, Roy Morgan has over 70 years’ experience in collecting objective, independent information on consumers.

Margin of Error

The margin of error to be allowed for in any estimate depends mainly on the number of interviews on which it is based. Margin of error gives indications of the likely range within which estimates would be 95% likely to fall, expressed as the number of percentage points above or below the actual estimate. Allowance for design effects (such as stratification and weighting) should be made as appropriate.

Sample Size

Percentage Estimate

40%-60%

25% or 75%

10% or 90%

5% or 95%

1,000

±3.0

±2.7

±1.9

±1.3

5,000

±1.4

±1.2

±0.8

±0.6

7,500

±1.1

±1.0

±0.7

±0.5

10,000

±1.0

±0.9

±0.6

±0.4

20,000

±0.7

±0.6

±0.4

±0.3

50,000

±0.4

±0.4

±0.3

±0.2